Purchasing a flat in Mumbai

[Epicvidya5890]

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Epicvidya5890
PARTICIPANT
May 6, 2025 at 4:44 pm

My family has purchased a flat recently and we have paid the Booking amount

We will be giving 40% down payment in upcoming months by cheque.

What’s the process of TDS will the builder deduct do it for us or we have to do it by ourselves and how will i show it my mom’s ITR since money is in my mother’s account

Please help

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[Expertpanda7434]

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Expertpanda7434
PARTICIPANT
May 6, 2025 at 4:58 pm

hello, you need to deposit tds yourself after deducting it, 40 percent minus tds
ITR has no role to play, just make sure it is paid from the account of house owner to stay consistent with transactions

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[Epicvidya5890]

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Epicvidya5890
OP
May 6, 2025 at 5:04 pm

It will be on my mother’s and brothers name
Down payment will be done from mothers account and then loan from brother’s account

Should i consult a CA for filing TDS?

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[Expertpanda7434]

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Expertpanda7434
PARTICIPANT
May 6, 2025 at 5:06 pm

it’s a simple process if you want to do it yourself but who’s stopping u to shell out 800-1000 if you want to get it done by a CA.

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